Gay designers Alexander Wang, Joseph Altuzarra, and Marc Jacobs will be competing (fiercly) against each other in the Womenswear category. Double whammy for Wang, who's also nominated for the Accessories Designer of the Year award.

The event will be hosted by another one of our beloved homos: Director, screenwriter, and OUT100 honoree John Waters. No stranger to the world of fashion, Waters presented the International Designer Award to Comme des Garçons founder Rei Kawakubo last year, and also gave the Fashion Icon Award to Johnny Depp. “I’m so excited to be invited back,” Waters commented, “and I look forward to taking the stage to celebrate the thin line that divides fashion between glamour and creative insanity.”

Two other fashion legends will be honored at the ceremony: Tom Ford will receive with the Geoffrey Beene Lifetime Achievement Award, while the International Designer Award will go to Dior's creative director Raf Simons.

The winners will be revealed on June 2 at Lincoln Center's Alice Tully Hall, in New York City.